Econ 265

The purpose of this assignment is to identify applications of economics by evaluating strategies acted upon by firms.

Select and complete one of the following assignments:

Option 1: Differentiating Between Market Structures in Kudler
Option 2: Differentiating Between Market Structures in an Organization of Your Choice

Option 1: Differentiating Between Market Structures in Kudler

You will apply important microeconomics concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization that affect its long-term profitability. You will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material to evaluate the organization’s competitiveness in the marketplace, including its customers’ views. In the process, you will identify the market structure that you believe best applies to this organization, and assess how the market structure positively and negatively affects the firm’s long-term profitability.

Complete the University of Phoenix Material: Differentiating Between Market Structures Table located on the student website. Compare the various characteristics of the market structures by completing the table.

Kathy Kudler has hired you as a consultant to perform a market analysis, review her competitive strategies, and make recommendations on how she can maximize profits.

Read the materials in the Kudler Fine Foods Virtual Organization, including the firm’s strategic plan and marketing overview.

Write a 1,050 – 1,400-word market analysis in which you address the following:

• Based on the details available to you in the strategic plan, marketing overview, market surveys, and other material, how does the organization compete in the marketplace? What are the strengths and weaknesses of the…...

...ECON 191, Fall 2012 Guidelines for Writing an Economics Research Paper
Writing a good economics paper is both an exciting and a nontrivial task. It requires a sustained effort in identifying an important question and in developing a credible model to think about that question or a testable hypothesis to answer it. In many cases it may require collecting data that gives the opportunity to test the hypothesis that you develop. You are encouraged to structure your paper in four parts: introduction, literature review, body, and conclusion. A brief abstract of no more than 100 words should precede your paper.
Introduction
Identifying a significant and well formulated question is the single most important part of the research process and the most difficult as well. A good research question has to be concise (remember, you are writing a 15-page paper, not a book), feasible and important. Choosing a research question requires balancing importance and feasibility. Feasibility means tractability for theoretical research and data availability for empirical research. Whenever you come up with an idea for a research question, always try to think about a critic sitting in front of you asking “Why should I care about this?” Consider this question to be a first filter for your research question. Identify a well-defined research question. The introduction is where you (1) present the research question, (2) motivate why it is important and briefly outline (3) how you go about answering it...

...Lassiez Faire. The invisible hand. What is the invisible hand? How to increase national income (expansionary) [opposite is contractionary) Money supply up Banks lend more, interest rate down Radicals, socialists Causes: Interest rate down
Buy bonds More people deposit money
His serious book. Difficult read.
"Capital" three volumes. First in 1867 Volume two and three published after his death Major book? National income When Fed buys bonds it must at democratically. It must offer higher prices for people to want to sell bonds.
Others like Lenin talked about Socialism/Communism.
Talked mostly about Capitalism. He talked very little about socialism and communism. Most popular booklet likely the Communist Manifesto. Easy read.
Econ Final
What is his booklet?
Looking and analyzing our economy. (Consumer + investment + government + net exports)
Workers/employees are exploited by owners (capitalists.) Liberals and conservatives reject this belief. They argue, whatever wages/benefits receive, as determined by the market, is what they deserve.
The Concept of Exploitation. What is that?
What is the main idea that separates a Marxist from a non-Marxist?
What was the Keynesian equation that equalled GDP?
C+I+G+Xn Liberal economists
Money Employees make the surplus
What defines money?
M1 or M2
Capitalists control the surplus Velocity (388) Significant part of surplus is used for investment under capitalism. Profit (most of the surplus) What......

...Econ
Problem Set #3
1. Suppose that a comic book publisher pays an annual licensing fee of $20,000 for the
rights to an artist’s character. Which would have a larger impact on the number of
readers of the comic using this character: (i) an increasing in the printing costs associated
with publishing the comic, or (ii) an increase in the artist’s licensing fee to $22,000.
Please carefully explain your reasoning.
The increase in printing cost would have the larger impact on the number of readers of the
comic. Because the increase in printing cost could be thought as a variable cost increase.
The increase in cost would vary when the quantity increases. The increase costs per book
could be easily realized and thus the publisher would choose to increase the price of goods.
The number of readers would thus decrease due to increase of selling price.
For the increase in license fee, it would be considered as fixed cost,
which is more important in the short run business instead of long run businesses.
2. A firm's total cost schedule and the demand for its product are summarized in the table below
(a) Complete the table and use the tools discussed in the online lecture and in the
book to determine the level of output that maximizes the firm's profit.
Costs | Revenues |
Quantity
Produced | Total Cost | Marginal
Cost | Quantity
Demanded | Price | Total Revenue | Marginal Revenue |
0 | 0 | - | 0 | 155 | 0 | - |
1 | 70 | 70 |...

...cross-cultural marketing, experiential education, and effective pedagogy. My research articles are published in numerous journals that include International Journal of Business Strategy, The Journal of Current Research in Global Business, Competition Forum, Journal of the Northeastern Association of Business Economics and Technology, Journal for Advancement of Marketing Education, Applied Business Review, Journal of Promotion Management, Journal of Global Business, Journal of Marketing Education, and Journal of the Academy of Business Education.
Catalog Description
A study of those activities necessary to the design, pricing, promotion, and distribution of goods and services for use by organizations and ultimate consumers.
Prerequisites
ECON 122 Principles of Economics II
Junior Standing
Message from Dean’s Office: There will be absolute enforcement of every pre-requisite requirement for the course work offered by the Eberly College of Business & Information Technology. This means that students cannot postpone pre-requisites and take them after the course in question. The dean's office is responsible for monitoring course pre-requisites. Students who manage to register for course work in spite of the fact that they do not have the appropriate pre-requisite will be subject to unilateral withdrawal after the course has commenced. At that time, no appeal will be accepted, and adding a different class after the official registration period will not be......

...November 11, 2013
Grantham University
BA 265 Business Law II
Week 6 Assignment
Negotiable Instruments
On the back of an envelope, Phoebe writes, “I promise to pay Quint or bearer $600 on demand. [Signed] Phoebe.” The type of instrument that is used in this scenario is a promissory note. When a promissory note is present, this is a written promise which involves two parties (Miller & Hollowell, 2011). The two parties that are present in a promissory note is the maker (payer) and the payee and the note may be made with a specific date mentioned or on demand-when the payee requests the money (Miller & Hollowell, 2011). In the scenario above, the maker is Phoebe and the payee is Quint and it the note is written to indicate that when Quint asks for the $600, Phoebe is to pay it at that time.
In order for a note (or any other instrument) to be negotiable it must meet all six of the following requirements. These requirements are (Miller & Hollowell, 2011):
1. The instrument must be in writing-Phoebe wrote the promissory note on the back of an envelope.
2. It must be signed by the maker (payer) or the drawer-Phoebe signed the note
3. It must be an unconditional promise to pay-there were no conditions set by Phoebe that may hinder Quint from requesting payment (i.e.-I, Phoebe, will pay Quint the $600 if he calls me no later than noon on the day he requests payment)
4. The note must state a fixed amount of money-Phoebe’s promissory note......

...ECON 2113 Homework 2 L4 Hu Weiwei
20268464
Xu Lili
L4 Hu Weiwei
20268464
Xu Lili
1a. The demand curve is estimated as Qd = 1600-2400P and the supply curve for pay telephone
service is Qs = 200+3200P. When equilibrium is reached, the quantity demanded is equal to
the quantity supplied. Thus, we can solve 1600-2400P = 200+3200P to find out the
equilibrium price. By calculation, the equilibrium price P = $0.25. Substitute P = $0.25 into the
demand curve equation, Q = 1600-2400(0.25), the equilibrium quantity Q = 1000. Therefore,
the equilibrium price is $0.25 and the equilibrium quantity is 1000 pay telephone calls per
month.
1b. With the effective price ceiling at $0.10 on local pay phone service in long run, it is below the
equilibrium. Since the quantity demanded is larger than the quantity supplied after the price
ceiling is imposed, shortage is resulted. As the price is restricted at $0.1, though Qd =
1600-2400(0.1) = 1360, Qs = 200+3200(0.1) = 520 < Qd = 1360. The quantity supplied is not
enough to satisfy the quantity demanded. It results in a shortage of 1360-520 = 840 pay
telephone calls per month.Therefore, the maximum......

...Will Bury Business Proposal
Econ/561
March 2, 2011
To: Whom it May Concern
From: Will Bury
Date: March 2, 2011
I have gathered you here today to discuss the future of my company Will Bury’s Digital Books. My company’s structure is monopolistic competition, which mean as demand increases, prices decrease. To make any profits, I have to make sure that my product is in demand (Halmos, 1995). After that, it is in my best interest to determine ways to increase revenue, minimize cost, profit maximizing quantity, concepts of marginal cost and marginal revenue, pricing and non-pricing, barriers to entry, and product differentiation. The things I have listed will ensure the success of my company.
Increase Revenue and Minimizing Cost
Increasing revenue and minimizing cost is what we strive to do as an organization. Many things considered in the process of creating a plan to increase revenue and minimize cost. I believe that I first need a budget to be set so I do not overspend; therefore, I will minimize cost because I will not spend any unnecessary money. One way to cut cot is to do just in time processing; orders are produced when orders are complete. This will prevent overstock. Instead of hiring a high school graduate or overseas staff, my plan is to partner with local colleges and getting some interns. I can get interns to work free; this will cut cost and ultimately increase revenue and minimize cost. Minimizing my variable cost is also away to minimize cost and......

...Econ 371 Development Economics
Homework 1
Due on Feb 9th, 12:30pm.
You may discuss the assignment with your classmates but you are expected to complete and write up the homework independently. If you use online materials or from sources other than the assigned video and the lecture notes, then you must list your references.
1. The Many Faces of Underdevelopment
Health conditions (for example, life expectancy and infant mortality rate) in an economy are an important aspect of economic development.
1) How is life expectancy correlated with the income level? Does this imply that better health conditions are the cause of a high level of income? Explain.
Life expectancy is positively correlated with the income level.
This does not imply that better health conditions are the cause of a higher level of income, because correlation does not imply causality. For example, the positively correlation between life expectancy and the income level may because a) better health conditions lead to higher income, or b) higher income lead to better health conditions, or c) something else cause both better health conditions and higher income.
2) According to basic growth models, do better health conditions contribute to higher income levels? Explain.
Yes. Better health conditions means higher accumulation of human capital in an economy. According to the endogenous growth models, human capital is one type of capital. In basic growth models, capital accumulation is one of the driving......

...ECON 410.502
Macroeconomic Theory
Spring 2010
Instructor: Guangyi Ma
Extra Problems #1
Suggested Answers and Comments
Notice:
(1) This set of extra problems contains 25 multiple-choice problems and 6
analytic (short-answer) problems. These problems are not homework and
will not be graded. The aim of these problems is to provide you with
additional exercises.
(2) I will give solutions of the assignment and the “extra-problem” set after the
due date.
Page 1
Problem 1~25: Multiple choice problems
1. C
2. A
3. D
This problem helps you pay attention to the difference between variables and
functions.
First, whether prices (wages are prices for labor) are assumed to be flexible or
4. C
sticky depends on the time horizon. In other words, the assumption of flexible prices is
proper in a long-run model while the assumption of sticky prices makes sense in a
short-run model.
Second, a large part of macro-theory is based on the optimizing behavior of individual
agents, such as households and firms, but the main concern of macroeconomics is the
movement of the whole economy aggregated from those individual decisions.
5. B
Economists, as well as most other social scientists, cannot do controlled
experiments.
6. A
Consider the National Income Accounts Identity: Y = C + I + G + NX
7. B
8. C
Inventory is a kind of investment, so the sale of inventory can be understood as a
decrease of investment, but there is an increase in consumption in the same......

...25 markers Econ
The term inflation means a persistent increase in the level of prices. The question believer that an increase in aggregate demand can cause inflation, however there can also be other factors that can cause inflation. The term aggregate demand is that total planed expenditure in the economy. Known by the identity C+I+G+(X-m).
In macroeconomics there are 2 types of inflation, demand-pull inflation and cost-push inflation. The demand-pull inflation is caused by an increase in total spending (aggregate demand), the economy is producing beyond the economy’s ability. The aggregate demand in an economy strongly outweighs the aggregate supply, which cause the price to increase. As the economy reaches full capacity, firms will be struggling to produce enough to meet the rising demand. As you can see from the figure, AS is slow curving up and becoming inelastic because of full capacity. The demand curve then shifts to the right because of a high demand, from AD1 to AD2. This causes involuntary stock depletion due to a low supply. When this happens, firms will choose to increase price to widen the profit margins. So price level increase from P1 to P2. Furthermore, as employment in an economy increase, the demand in goods and services will be much more inelastic. This allows firm to increase the price more without any significant fall in demand.
There are various reasons that can cause an increase in aggregate demand. First of all, a decrease in exchange rate......

...ECON Project
I. Introduction
The efficient market hypothesis says that these returns should not be systematically related to the information known in 1990. We have the data of the return of the stock prices from various firms over the four-year period between the end of 1990 and the end of 1994. If the characteristics of a firm reflected the return of the stock, this could help with predicting the stock price in the future.
We hypothesize that the return of the stock are related to debt capital ratio, earnings per share, salary of the CEO, net income, logarithm of net income and salary, and the stock price at the end of 1990 and 1994.
II. Literature Review
We are formulating how the CEOs compensation can affect the stock prices within a four-year period between the end of 1990 and 1994.An investigation based on the use of individual evaluation in CEO’s incentive plans that contrasts with objective stock price based measures may involve. Using complementary data evidence can be shown that individual performance evaluation increases growth opportunities (Bushman p. 161-193). An examination of the executive compensation structure of 153 randomly-selected manufacturing firms in 1979–1980 provides evidence supporting advocates of incentive compensation, and also suggests that the form rather than the level of compensation is what motivates managers and CEOs to increase firm value (Hamid p. 163-184).
III. Data and Methodology
Our data is a list of observations from 142......